Fast Track News This Thursday: UXD, Betterfly, Olé, Mercado Libre, and Qubik

Ripio launches UXD, Betterfly receives global recognition, Startup Olé celebrates its tenth anniversary, Mercado Libre records record sales, and Qubik receives an award at Startup Chile.
FTN Thursday
FTN Thursday

Innovation and adaptability define the dynamic fintech ecosystem in Latin America amidst a shifting economic climate. Ripio, an Argentine cryptocurrency platform, launched UXD, the first Latin American stablecoin tied to the US dollar. This digital currency emerges as an innovative solution to protect Latin Americans’ savings during inflation and economic crises.

Meanwhile, Betterfly, the Chilean unicorn, has been globally recognized as one of the most promising insurtech companies thanks to its innovative approach to flexible insurance oriented towards healthy lifestyles.

In the event scene, startup Olé, one of Europe’s leading innovation and entrepreneurship fairs, is preparing its tenth edition in Salamanca in September, promising to be a meeting point for investors, corporations, and startups.

In e-commerce, Mercado Libre has set new sales records in the second quarter of 2023, driven by a quarterly sales volume that surpassed USD 10 billion for the first time.

Finally, the Argentine startup Qubik has been recognized with the “The fastest growing” award at Startup Chile, reaffirming the continuous growth and strength of the entrepreneurial ecosystem in the region.”

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